NeoVolta Advances Partnership With Luminia For Over 40 MW Solar And 160 MWh Storage Projects Across California Under Non-Binding Framework

NeoVolta Inc., a U.S.-based energy-storage technology company, has announced progress on its strategic collaboration with Luminia LLC, a developer of solar and energy-storage projects. The partnership is being advanced under a non-binding framework that outlines the potential development of a portfolio of solar-plus-storage projects across California.

These plans will move forward once both companies enter into definitive agreements. Luminia is currently working on multiple front-of-the-meter (FTM) and behind-the-meter (BTM) energy projects. Together, these projects are expected to include more than 40 MW of solar power and around 160 MWh of battery storage across commercial, municipal, and community-level sites.

As part of the proposed arrangement, NeoVolta would receive the right of first refusal to supply its battery energy-storage systems for the portfolio, as long as the equipment aligns with required technical standards and remains priced competitively. Based on Luminia’s present procurement planning, the two FTM storage projects alone—representing approximately 160 MWh of storage—could translate into an estimated $39 million in potential equipment revenue for NeoVolta. This figure is an early estimate and depends on several conditions, including final project designs, NeoVolta’s selection as the supplier, and the execution of definitive purchase agreements.

At this stage, neither party is legally obligated to proceed with purchases, and both project scopes and timelines may evolve as development continues. NeoVolta CEO Ardes Johnson expressed optimism about the collaboration, stating that the company looks forward to supporting Luminia’s clean-energy initiatives connected to California Community Choice Aggregators (CCAs). He highlighted that NeoVolta’s U.S.-manufactured, IRA-aligned systems are designed to meet the resiliency and grid-support needs of these deployments.

David Field, CEO of Luminia, emphasized the company’s mission to deliver clean-energy solutions that create meaningful local benefits and long-term value. He added that Luminia is eager to continue deepening its collaboration with NeoVolta as it evaluates technologies capable of supporting high-performance and scalable project requirements.

This potential supply partnership aligns well with NeoVolta’s long-term strategic roadmap. It supports the company’s aim to expand beyond the residential sector and tap into commercial, industrial, and utility-scale markets. It also complements NeoVolta’s plans to strengthen recurring and higher-margin revenue streams through equipment supply opportunities and partnerships with project developers.

Additionally, the collaboration leverages incentives available under the Inflation Reduction Act as well as California’s clean-energy rebate programs, further reinforcing NeoVolta’s role in a rapidly growing energy-storage market. Both NeoVolta and Luminia continue to work closely on potential delivery timelines, engineering specifications, and procurement planning for the identified projects. As the development progresses and key milestones are finalized, NeoVolta will share updates on significant developments.